ProfilePrint Pte. Ltd., a Singapore-based technology company affecting significant changes in the agri-food industry, has announced the successful conclusion of its Series B funding round.
The round, which was led by Tai Partners and participated by four of its existing shareholders, showcased a strong vote of confidence in ProfilePrint’s artificial intelligence (AI)-driven ingredient quality platform, underpinned by its patented digital food Identity-as-a-Service (IDaaS) technology, the firm said in a statement on Dec 14. It said this infusion of capital marks a significant milestone for ProfilePrint, catapulting the company into a position of enhanced capability and influence.
According to the statement, the funds raised will propel the continued expansion of ProfilePrint’s mission to revolutionize the onerous processes within the agrifood sector through the transformative power of artificial intelligence.
This latest investment solidifies ProfilePrint’s market leadership, positioning the company for further market penetration in existing regions. Evolving from a local standalone ingredient profiler, ProfilePrint is set to metamorphose into a globally networked ingredient quality platform.
The upcoming Partners module will enable companies to connect seamlessly on the ProfilePrint Platform, forming online partnerships that transcend geographical boundaries. ProfilePrint believes that this network-enabled collaboration will elevate the sourcing and transacting processes to unprecedented levels.
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